India's services sector growth rose to a two-month high of 58.5 in January, on faster expansion in new business intake and output, prompting service providers to hire additional staff, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to a two-month high of 58.5 in January, from December's recent low of 58.0, mainly driven by demand buoyancy, new business gains and tech investment. "India's services PMI rose to 58.5 in January, up from 58.0 in December, signalling sustained momentum in the sector. The HSBC India Composite PMI Output Index rose from last December's 11-month low of 57.8 to 58.4 in January. Composite PMI indices are weighted averages of comparable manufacturing and services PMI indices.

Source: The Telegraph February 04, 2026 07:24 UTC